Hannover Rück SE (OTCMKTS:HVRRY) Announces Annual Dividend of $1.97

Hannover Rück SE (OTCMKTS:HVRRY) announced an annual dividend on Tuesday, April 20th, Zacks reports. Stockholders of record on Friday, May 7th will be paid a dividend of 1.974 per share by the financial services provider on Thursday, May 20th. This represents a dividend yield of 2.12%. The ex-dividend date is Thursday, May 6th. This is an increase from Hannover Rück’s previous annual dividend of $1.57.

Shares of HVRRY stock opened at $94.72 on Tuesday. The company’s 50-day moving average is $92.64 and its 200 day moving average is $84.85. The company has a market capitalization of $22.85 billion, a price-to-earnings ratio of 20.59 and a beta of 0.93. Hannover Rück has a one year low of $70.99 and a one year high of $96.27. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.19 and a current ratio of 0.19.

Hannover Rück (OTCMKTS:HVRRY) last posted its quarterly earnings results on Thursday, March 11th. The financial services provider reported $1.06 earnings per share for the quarter. Hannover Rück had a return on equity of 8.63% and a net margin of 4.12%. The firm had revenue of $7.26 billion during the quarter. As a group, research analysts predict that Hannover Rück will post 4.2 earnings per share for the current fiscal year.

HVRRY has been the topic of a number of recent research reports. Exane BNP Paribas raised Hannover Rück from an “underperform” rating to a “neutral” rating in a report on Tuesday, April 27th. DZ Bank reiterated a “buy” rating on shares of Hannover Rück in a research note on Thursday, March 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Hannover Rück in a report on Monday, March 15th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Hannover Rück in a research report on Wednesday, March 17th. Finally, Barclays restated an “underweight” rating on shares of Hannover Rück in a research note on Friday, January 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $104.00.

About Hannover Rück

Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services worldwide. It operates through Property & Casualty Reinsurance, and Life & Health Reinsurance segments. The Property & Casualty Reinsurance segment offers specialty lines comprising marine, aviation, facultative and direct business, credit, surety, and political risks reinsurance products; and treaty, catastrophe XL, and structured reinsurance, as well as insurance-linked securities.

Further Reading: Risk Tolerance and Your Investment Decisions

Receive News & Ratings for Hannover Rück Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hannover Rück and related companies with MarketBeat.com's FREE daily email newsletter.